At the macro level, the Federal Reserve's July rate hike of 25 basis p

Published: Jul 27, 2023 08:36

Save

At the macro level, the Federal Reserve's July rate hike of 25 basis points, in line with market expectations, put pressure on most base metals. In the spot market, circulation sources are not abundant, and exchange inventories have increased but remain at historically low levels. The total position of SHFE lead has decreased by 2758 hands to 170,000 hands, still at a historically high level, and the pressure of squeezing out is still there, and it is expected that the correction space of lead price is limited.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or for more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

1 hour ago

SHFE lead edges down 0.03% with a long upper shadow, consolidation at highs remains intact [Lead Futures Brief Comment]

1 hour ago

3 hours ago

Data: SHFE, DCE market movement (Sep 02)

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on 02 Sep , 2026

3 hours ago

5 hours ago

September 2 Scrap Battery Market Transaction Summary [SMM Daily Review]

5 hours ago

Related News

SHFE lead edges down 0.03% with a long upper shadow, consolidation at highs remains intact [Lead Futures Brief Comment]

Sep 02, 2026 18:01

Data: SHFE, DCE market movement (Sep 02)

Sep 02, 2026 15:56

September 2 Scrap Battery Market Transaction Summary [SMM Daily Review]

Sep 02, 2026 13:31

Secondary Lead: Market-Driven Pricing & Just-in-Time Procurement, Mainstream Transaction Prices at Parity Delivered to Plant [SMM Lead Daily Review]

Sep 02, 2026 13:30